Panama Actively Deregisters Vessels That Do Not Comply With International Laws

The Panama Maritime Authority (PMA) announced that its ship registry now maintains a 96.5% compliance rate with international safety and environmental regulations.

Recently, U.S. officials and lawmakers accused the country of not taking sufficient action to prevent sanctioned nations like Iran, Russia and Venezuela from using its flag.

Washington has urged Panama to deregister dozens of ships associated with the transport of sanctioned goods, including oil, and those involved in deceptive activities like ship-to-ship cargo transfers to hide the origin of shipments.

In response, the PMA confirmed that it has been actively removing vessels that do not comply with international laws. The latest review of its fleet by an independent monitoring agency confirmed that Panama’s registry adheres to strict global maritime regulations.

The PMA stated that it has increase…

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